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Deficiency Judgment

Facing a Deficiency Judgment in Chicago?

Our Chicago Consumer Protection Attorneys are Here

When a home is lost through foreclosure, sometimes the home's sale price is less than the mortgage amount owed, creating a deficiency. In cases such as these, the lender may file for a deficiency judgment in order to collect the remaining amount owed.

In the state of Illinois, foreclosures go through the state court system and lenders can file a lawsuit in order to obtain a deficiency judgment from the borrower. If you are dealing with a deficiency judgment matter, Atlas Consumer Law wishes to lend you a helping hand.

Wish to learn about your rights and options straight away? Call us at (312) 313-1613 to schedule an initial consultation.

Frequently Asked Questions About Deficiency Judgment

Because issues regarding deficiency judgment can be difficult to understand, our team of Chicago consumer protection lawyers have answered a few frequently asked questions:

  • Will I still owe money after foreclosure? Many individuals ask this question when they are deciding whether they will contest the foreclosure, make a plan to avoid the foreclosure, or walk away from the property. To measure, you must determine the difference between the amount the lender ends up with in total and the amount of your loan.
  • Can the foreclosing lender get a deficiency judgment after utilizing robotically signed documents? If a lender has utilized a robotic signature to foreclose on your home, you may have a defense to the deficiency judgment. Our lawyers can explain more during your consultation.
  • How will a lender collect a deficiency judgment? Once the lender has obtained a judgment against you, the lender can move on to collect on that deficiency judgment. If the mortgage creditor acted as the second lien holder, the lender will more than likely pursue collection efforts.

Chicago Consumer Attorneys with Aggressive Litigation Skills

Our consumer law firm does not back down when pursuing positive case results for our clients. We will carefully go over all the details of your case in order to determine the strongest course of action available to you. We will do everything possible to protect you from wage garnishment and other tactics used by lenders to collect money.

  • Why should you retain our firm's legal services? We offer the following:
  • Hard-hitting legal services from a lawyer with a 10.0 Superb Avvo Rating - a perfect score
  • Extended protection through our Protect The Discharge program to protect you from creditor harassment after debt discharge
  • Solid litigation skills in the event your case needs to be taken to court

Seek the help of Atlas Consumer Law!

Are you being harassed by creditors? We urge you to call us for more information about our Protect The Discharge program, which can help halt creditor harassment and negative credit reporting practices after your debts have been discharged. Our Chicago consumer law lawyers will not only remain at your side until your matter is settled, but we will continue to ensure that your consumer rights remain protected in the future.

Contact our firm today or give us a call at (312) 313-1613 for more information about deficiency judgment matters in Illinois.

Hear From Our Satisfied Clients

Reviews & Testimonials

At Atlas Consumer Law, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

    "I was so stressed out, found Atlas Consumer Law & gave them a call!"

    I had absolutely NO exceptions going forward with my lawsuit against a company that harassed me for payment! I was at the ...

    - Pam S.
    "So Helpful & Responsive!"

    Everyone at Atlas was so willing to help and so responsive. I'm so grateful for the work they put in on my case! Would highly ...

    - Stephanie M.
    "Results Fast!"


    - Jake B.
    "Can Do Attitude All the Way!"

    Atlas consumer Law is amazing and they have the CAN DO attitude and will do anything to get the job done.. I highly recommend ...

    - Donnie P.
    "Thank you for educating me about my rights as a consumer!"

    The Atlas Consumer Law Group is Awesome. They promptly took care of my issue with a creditor who tried to ignore my rights as ...

    - Belinda W.
    "Absolutely Amazing!"

    I am absolutely AMAZED at this law group! I started a case in March and got it solved in early May! The debt collector was ...

    - Aline G.
    "Atlas Consumer Law Goes Above & Beyond!"

    Atlas helped us within 6 months more or less and they were an awesome team. I would definitely recommend Atlas Consumer Law ...

    - Llyod G.
    "Atlas Consumer Law is on Your Side!"

    When you need the law on you side call Atlas!

    - Arlene B.

Contact Us Today!

Talk to the leading law firm in the country about your rights for free! Fill out the form below or give us a call at (312) 313-1613 and we would be happy to give you the answers you need to make informed decisions for yourself and your family.

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